SharpLink Gaming has continued its aggressive Ethereum acquisition strategy, purchasing another 15,822 ETH worth approximately $53.9 million. According to an Aug. 3 post on X by Lookonchain, the firm spent $108.57 million in USD Coin (USDC) over the preceding two…

SharpLink adds $54M in ETH, expanding holdings to $1.65B

On Saturday, USA Today dropped a headline-grabbing article to its 5.1 million 
followers on X, declaring, “ XRP is the smartest cryptocurrency to buy with 
$500 right now.” The post quickly ignited chatter across social media, 
prompting a wave of hot takes from bitcoin die-hards and devoted XRP fans 
alike. Crypto Twitter Melts Down Over […]

‘Smartest Buy or Dumbest Bet?’ USA Today’s XRP Post Triggers Outrage

Ethereum “mega whales” have continued to buy up the cryptocurrency, which 
dipped and began recovering over the weekend.

Ethereum ‘mega whales’ continue buying amid weekend dip

BlackRock’s Bitcoin ETF is set to get a boost from the SEC’s decision to raise 
the limit for options contracts by tenfold, says NYDIG’s Greg Cipolaro.

BlackRock Bitcoin ETF set for ‘monstrous lead’ with SEC options boost

After crashing below the $115,000 territory over the weekend, Bitcoin has 
reached an important level that could determine where the crypto market is 
headed next. Eventually, it comes down to the support levels and how much 
buying is going on to actually counter the effects of massive sell-offs that 
continue to drive down the price. However, if bulls are able to hold, then it 
could suggest there is enough momentum behind the cryptocurrency to push for 
new highs. Why Bitcoin Must Hold $100,000 In an analysis, crypto and market 
analyst MasterAnanda has pointed to the Bitcoin price already solidifying 
support that could help end the downtrend. Pointing to the current market 
decline, the analyst explains that the price is actually only down 8% after 
hitting its $123,000 all-time high back on July 14. This retrace is nothing 
out of the ordinary, which MasterAnanda refers to as “part of the normal 
workings of the market.” Related Reading: Satoshimeter Shows Where Bitcoin 
Price Is In This Cycle The current Bitcoin price fluctuations have not raised 
any alarms, as corrections are expected and are needed for the price to 
continue to rally. As the analyst explains, such fluctuations usually see the 
cryptocurrency reach new higher highs over the longer timeframe. Already, 
there is a lot of support for the Bitcoin price above the $110,000 level. This 
shows that while bears are pushing down hard, buying is still soaking up the 
dumped supply in the market. The analyst points to this support level as 
important, but highlights an even more important and stronger support level 
lying just above $100,000. This $100,000 level has remained a psychological 
level since it was first hit back in December 2024, becoming the level to hold 
if the market were to continue its uptrend. The crypto analyst explains that 
as long as the Bitcoin price remains above $100,000, then the bulls will 
continue to be in control. Related Reading: Market Cap Not A Hindrance To XRP 
Price Reaching $1,000, Expert Explains Why “After a few weeks, or several 
months, exactly as it happened last time, Bitcoin will go up. So you can 
expect retraces and corrections, but this is only short-term long-term we 
grow,” Master Ananda stated. However, there is still the possibility that the 
price does fall below the $100,000 level. In this case, it would mean an 
invalidation of the bullish thesis, and the analyst revealed that the short 
and mid-term analysis would need to be revisited and updated if this happens. 
Featured image from Dall.E, chart from TradingView.com

When Will The Bitcoin Correction End? The Support Level That Holds The Key

Metaplanet said it scooped up another 463 Bitcoin on Monday, making it the 
first public firm to capitalize on the Bitcoin dip in August.